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Search Results 0 to 49 of about 116 (some duplicates have been removed)
not be willing or able to, seemingly, take on big tasks. >> that happened all this week. kristin is live at the white house. a lot of talk. we're one day closer to that deadline. what can we expect to hear from the president in the next hour? >> hi there, richard. we expect the president to continue to push to get a big deal. what's a big deal? about $4 trillion in deaf sigz reductions over the next decade. at the end of last week, it looked like he and speaker boehner were moving towards the same page in terms of trying to get a big deal. that fell apart over the weekend. so we expect the president to resume calls for a big deal to say now is the time to seize the moment. there will be political pain on both sides. what he means by that is the democrats will have to come to the table over entitlements, making small changes to things like social security and medicare and the republicans will need to come to the table in terms of rolling back tax break for wealthy corporations and americans. as you said, richard, he's going to hammer this point that they will continue to work until they g
house correspondent, and from cnn money. go big or go home. what is the republican push back? >> reporter: we're going to be finding out very shortly because house speaker john boehner will take to the cameras at 1:30 eastern essentially in the rebuttal to the news conference from the president earlier today. but the push back for republicans has been tax increases. you have republicans who have insisted on no tax increases, and democrats that insisted if there will be spending cuts, to achieve trillions of dollars in deficit savings. they don't want to abandon -- if there are going to be cuts to programs that are huge, they want to be able to say we pushed for sacrifices from wealthy americans and corporations. they are trying to strike kind of a just right agreement. because on one hand, you have a lot of republicans, and many of them who were swept into power in the last election saying we're going to cut spending and make government smaller, so the idea of tax increases, and certainly this is something a lot of them literally pledged they will not do, randi, it would forc
with the big debt talk. congressional leadering returning to the table this morning, after the grand bargain broke down last saturday and a tense 75-minute meeting last night failed to move negotiations forward. at 11:00 this morning, the president will hold a news conference to press publicly for his big deal. yesterday, his top economic adviser said the u.s. is out of options. >> we make 80 million checks a month to americans, 55 million people on social security benefits, millions more americans on veterans benefits, medicare, medicaid. people who supply our troops in combat. on august 2nd, we're left with cash on hand and the cash we take in. there is no credible way to give congress more time. there's no constitutional option, there's no delay option, there's no creative financial option. they have to act by the 2nd. >> no constitutional option, 14th amendment, off the table. here's what we know, debt talks appear to be at an impasse and here's why. the president is still pushing a big deal. democrats say the fallback plan, this $2 trillion plus package that was partially negotiated in
, and everything, they give big tax breaks for the oil companies. the big manufacturers. they're taking jobs away from us. and why they think it is best to do that. i need an answer to that, because i work 40 years of my life, and now i'm disabled. and now they're talking about cutting everything. i just don't think -- i've even put my life on the line for this country, vietnam. why they think it's the right thing to do. host: thanks for your call. next up, a comment from hewitt, texas. tony, a republican there. good morning. caller: good morning. how's everybody there this morning? host: it's a little hot both temperature-wise and internally i think here. caller: yeah. you know, we deal with a few facts here this morning. that cut, cap and balance that was passed did two things that everybody just is totally bent out of shape about. one of which is that it would raise the debt ceiling, and we would give that community organizer everything he wanted. it also, at the time, would say that the united states would even have a downgrade in its debt rating. and what do we do? well, you got the presiden
very big, very substantial to bring our long-term deficits down over time. we have to do that in a way that's good for the economy for more support because the economy is healing from the recession. it's going to require both sides to compromise. president's bringing leaders together again at the white house this evening to try to figure out how to move forward. >> what's he actually saying? because you're hearing boehner saying they're demanding tax increases, we're not going to do that. they've also said you were pedalling a bid on whether to cut entitlement programs like medicare or social security. what's the fact? >> that latter thing is not true. the president is standing tough. he is willing to do very, very difficult things. >> like what? on medicare? >> like getting substantial savings from the budget, across the budget. defense, the rest of government, even medicare/medicaid over the long term, there are things we can do responsibly to save money in those programs and we have to do that to bring the deficits under control. but to do that, we have to have some shared sacrifice
, but this is a grave moment for the country. we need to do something very big, very substantial to bring our long-term deficits down over time. we have to do that in a way that's good for the economy for more support because the economy is healing from the recession. it's going to require both sides to compromise. president's bringing leaders together again at the white house this evening to try to figure out how to move forward. >> what's he actually saying? because you're hearing boehner saying they're demanding tax increases, we're not going to do that. they've also said you were back pedaling a bit on whether to cut entitlement programs like medicare or social security. what's the fact? >> that latter thing is not true. the president is standing tough. he is willing to do very, very difficult things. >> like what? on medicare? >> like getting substantial savings from the budget, across the budget. defense, the rest of government, even medicare/medicaid over the long term, there are things we can do responsibly to save money in those programs and we have to do that to bring the deficits under
of the need for a course correction. but weeks of negotiations have shown his commitment to big government is simply too great to lead to the kind of long-term reforms we need. >> reporter: reid says lawmakers must find a solution. >> we'll stay in session every day, saturday and sunday until congress passes legislation to prevent the united states from defaulting on negotiation. >> reporter: in chicago, key ally expressed support for the mcconnell-reid plan. >> more work to be done. joint committee can tackle it but it's responsible way out of the crisis. >> reporter: lindsey graham favors constitutional amendment but there isn't enough support in the senate. >> we have the people behind us. 72% of the american people want balanced budget. >> reporter: the president called for shared sacrifice. >> i am still pushing for to us achieve a big deal. but what i said to the group is if we can't do the biggest deal possible, then let's still be ambitious. let's still try to at least get a down payment on deficit reduction. >> reporter: but the cochair of the president's own deficit commission ha
's take a look at the big drop on wall street today. the dow closing down 198 points. about 1.5%. the nasdaq slipped 2.6%. the s&p 2%. another drop on wall street. mounting debt crisis could end up lowering the country's signature credit rating for the first time in decades. ahead, we'll lay out the severe consequences of such a move and why some say politicians here in washington are right now playing with fire. and not everyone thinks the country is approaching armageddon. why some lawmakers in congress are taking a hard line on raising the debt ceiling. stay with us. a vacation on a budget with expedia. make it work. booking a flight by itself is an uh-oh. see if we can "stitch" together a better deal. that's a hint, antoine. ooh! see what anandra did? booking your flight and hotel at the same time gets you prices hotels and airlines won't let expedia show separately. book it. major wow factor! where you book matters. expedia. ♪ you are my sunshine ♪ my only sunshine ♪ you makes me happy ♪ when skies are grey ♪ you'll never know, dear ♪ how much i love you ♪ p
's right. you know, the big point of contention yesterday was with house majority leader eric cantor pushing for this short-term deal or a series of short-term deals. the president, according to democratic sources familiar with the talks, made it clear that that is something he does not support and something he would veto. the president has, for the last few days, and certainly weeks as well, been pushing for the biggest deal possible where it it seemed to get some support. of late, it has not. the president believing if you start talking about the short-term deals, you run into the political season where you negotiate the things all over again. if you can't get this done now, how will you get this done in the thick of the political season? tense discussions yesterday. the president agitated and believing that republicans are using the debt talks to make political points. the president making the point, according to those inside the meeting, that this kind of atmosphere just confirms some of the worst fears that americans have about the way washington works. >> well, yeah. the way wa
, hi, there, thomas. it seemed like forget hope for getting a big deal done in the arena of $4 tril john lion in tt decade was dwindling, but republicans would not accept a deal that big and they wanted $2 trillion over the next decade, but as you mentioned president obama came out today swinging, upping the ante saying he does indeed want a big deal done and if not now, when? and he essentially tried to assume the position of the adult in the room calling on the lawmakers to rip off the band-aids and eat the peas and call to action for democrats and republicans and calling the democrats to come to the table for entitlement reforms, and the republicans for rolling back the tax breaks for wealthy americans and big corporations, and it seemed like at the last of last week, the president and the speaker boehner may have been moving in the same direction, but then speaker boehner said we cannot support anything that looks like a tax increase. and so the president addressed that in his conversation today, and he said that any tax brea increases would not take effect immediately. >> when
opposition to this big, but there, i predict, will be no democrat for this bill so because bipartisanship was not sought. i'm a diely concerned it would pus us right back on the praecipe of imminent default in just a few months, casting a pall of uncertainty. and leading to a job-destroying credit downgrade. >> i urge my colleagues in the name of sanity and in the name of ensuring in a we pass this measure and we send it to our colleagues in the united states senate. >> here areas a quick reality check if this bill passes the house, it's going to hit a big roadblock in the senate. senate democratic caucus, every member of that caucus has signed onto a letter say they will oppose the bill, and senate majority leader harry reid announced today they will quickly take up the bill in the senate this evening, but only to table the measure, a vote to table the measure effectively just setting it aside. that doesn't mean think couldn't take it back up if they wanted to, but it's a quick way legislative for democrats to show there is not enough support for this big to pass the senate. it brings us
's headlines about the campaign's big haul and tell you why we're a tad underwemed. >> >> dyou got to check the sel date, it's wednesday, july 13th, 2013. i'm chuck todd, an unbelievable hump day, feels like it's forever bigger here in washington, where i begin my first read this morning. it's the beginning of the end game for negotiations on the federal debt. with pessimism building that leerds will produce a deal and avoid default mitch mcconnell proposed plan c, a contingency, what i like to call the hail mary punt. he set the stage on the senate floor with this pretty rough attack on the president. >> after years of discussions and months of negotiations, i have little question that as long as this president is in the oval office a real solution is probably unattainable. >> mr. mcconnell said the day i was elected that his job was to try to see me beat. i'll have to explain how it is that we're going to avoid default because i'm going to be president here for at least another year and a half. >> right after that interview, mcconnell unveiled this plan c. he would hand over to the presid
that would have included up to a trillion dollars in new revenue. it seems like the republicans talk a big game about solving the nation's problem. but they are really only interested in one thing, that's winning back the white house. mitch mcconnell said this on fox news. >> the most important thing we want to achieve is for president obama to be a one-term president. >> that is true. that's my single most important political goal along with every active republican in the country. >> joining me now, is the independent senator from vermont, senator bernie sanders. senator, thank you for being here tonight. how do you explain the republicans unwillingness to compromise to get the big deal that they said they wanted, to put everything on the table. the president said fine now they back down. >> what they said is they would like everything on the table. so long as it means cuts to social security, medicare, medicaid, the needs of our children, and the environment. all of that is on the table. but if you asked billion airs it start paying a little bit more in taxes or if you do away with loop
that would have reduced spending by $4 trillion over the next decade. but if mr. boehner wanted to do a big deal, the majority leader eric cantor threw cold water all over it saying that the congressional republicans would reject any revenue increases as part of the deal. as for the president, he said that he is willing to take political hits from his own party, but not at the expense of struggling americans. >> i am prepared to take on significant heat from my party to get something done. i expect the other side should be willing to do the same thing if we are going to actually solve the problem, there are finite number of ways to do it. if you don't have revenues, it means you are putting more of a burden on the people who can least afford it. that's not fair. >> nbc's kristen welker is live at the white house. kristen, the president spoke about his willingness to take in his words significant heat from his own party in reaching a compromise, and he was clearly suggesting that the republicans must do the same, but will they? >> well, it is an interesting question at this point the two sid
of pirates is having a big impact on the world economy. we will explain. but first, early look at president obama's re-election effort. [ male announcer ] this...is the network -- a network of possibilities. in here, the planned combination of at&t and t-mobile would deliver our next generation mobile broadband experience to 55 million more amecans, many in small towns and rural communities, giving them a new choice. we'll deliver better service, with thousands of new cell sites... f greater access to all the things you want, whenever you want them. it's the at&t network... and what's possible in here is almost impossible to say. this just in. friday, the pentagon will appeal the controversial "don't ask, don't tell" policy that has kept gays from openly serving in the military. according to the law, a 60-day waiting period goes in effect for the policy is officially implemented. other words, in two months. >>> the federal election committee says john edwards should repay $2.3 million to the federal government after audit found he received matching funds after dropping out of race. edwards'
that tim geithner and his chief economist, gene sperling, and jack lou were making one more big push for the big cuts republicans say they want. if they turn their back on those big cuts, the president is in the strongest position to say they are not living up to their principles. >> and there is no chance of them accepting any kind of big deal at all because the president is insisting that there be tax revenue increases in there. so the president knows that he is pushing something that they absolutely cannot agree to. so at this point, what the president does seem to be doing is what you just said, is making his position appear to be the one who wants to do the big move on deficit reduction, and forcing these republicans to back away from big deficit reduction, thereby, he hopes, neutralizing deficit reduction as an issue against him in the presidential campaign. >> well, look, he's talked about deficit reduction all the way through. but remember, it's not just his position here. it's 2/3 of the american public. we have a slew of polls here saying that 2/3 of the american people wan
something big done. the president has made it clear he wants to do something substantial. >> sean: that was budget director lew talking about the debt negotiations. he says the president wants to do something substantial. we found out how hollow that pledge is. the administration announced if the republicans cut cap and balance pledge were to pass the house and senate, president crybaby would veto this the plan gaining momentum tackles america's fiscal crisis making mandatory spending reductions that would reduce the deficit, cap spending at 18% of the gdp and send to the states a balanced budget amendment to the u.s. constitution. those measures would prevent this president from pursuing his reckless tax and spend agenda, which explains why he's opposed to it. joining me with his take south carolina senator lindsey graham. how are you? >> good, thanks for having me. >> sean: it is simple to me. this is the moment of truth. they election in 2010, the biggest mid term in 70 years. i'll quote president obama, we won, conservatives won. cut, cap and balance, do you support it? >> tot
by putting big entitlement programs like medicare on the table there. even before the president's event began a short time ago, house speaker john boehner fired off the following tweet, saying, quote, will you take job-destroying tax hikes off the table, end quote? how to add to the mood hanging over tomorrow's debt summit listen to this exchange between the leaders of both parties today. >> it's ludicrous for the administration to propose raising hundreds of billions in taxes at a time when 14 million americans are looking for work and job creators are struggling. does the president now think the economy is doing so well that unemployment is so low and economic so rapid that we can take billions of dollars away from these very same job creators? >> will we be the kind of country that protects tax breaks and giveaways for the richest corporations while sacrificing seniors and the middle class? that is the america my republican colleagues have proposed. >> luke russert joins from us capitol hill. the president says he hopes everyone will leave the politics and the ideology at the door. do you
jobs for christie's auction house, sure they are. for big, strong. >> i want to see numbers. you said millionaires and billionaires what he means are people making over $250,000. >> we already got the tax increases in obamacare. he has already passed taxes. now he wants taxes. >> name one tax increase? >> obamacare, conveniently not until 2014. >> not true. >> i give you credit. boehner is in a difficult spot because of the members of his con france that says he won't vote for anything, any kind of deal because we won't vote to raise the debt ceiling. he has to work with them. >> not all of you do not think it's a little difficult for boehner when people say nothing, absolutely nothing? grover norquist from k-street, he ought to be sent to gitmo as a terrorist for being a national. >> now you finally like gitmo. >> i like it for grover. that's for sure. >> can i make one other point? keep in mind the debt ceiling increase is not for the new spending but to pay for money appropriated by democrats and republicans alike. >> wait, wait, wait. what are you talking about? >> time-out. what
>>> the big divide. congressional leaders return to the negotiating table in a few hours trying to hammer out a deal. the two sides farther apart than they've ever been. the question is, if not now, when will a deal happen? >>> the extreme heat is the number one killer in the u.s. claiming more lives than tornados, floods, even hurricanes. how bad things are getting across the country right now. >>> praying gay away. the secret videotape involving presidential candidate michele bachmann and her husband's clinic. does their business claim to have a cure for homosexuality? calling rupert murdoch, the media magnate and his son have been called before parliament to explain the phone-tapping scandal that could bring them down. >>> i'm thomas roberts. we get to president obama preparing for another round of debt talks with congressional leaders as the clock continues to tick. speaker boehner reenforced his party's message and put pressure on the president this morning. take a listen. >> this debt limit increase is his problem. i think it's time for him to lead by putting his plan on t
the debt limit. they he asked for big tax increases. we got rid of the tax increases. and now we go a bill that does what we said it should do. is it perfect? to. but it is a good step on spending cuts. is it as much as we proposed and passed? no. but it gets us down the right path. it cuts we can bank now and a step in the right direction. i think it is a good step in the right direction. >> greta: it has to get 217 votes. you've got a rowdy freshman crowd who ran on the promise of a balanced budget amendment. and the balanced budget amendment is not in the boehner bill. how do you get enough of them to get your 217 mark and have them face their voters? >> we are going to have a vote on the balance budget amendment. separate from the boehner bill. that was always the case. the second, cut, cap and balance had the bba separate from the bill. >> greta: balanced budget amendment. >> right, excuse me. we never had assurances we could get a vote on the balance budget amendment in the senate. what i never agreed with was the idea we would expect harry reid and nancy pelosi to deliver 40 to 15 v
is anything more than a big wet kiss to the right wing, and -- and i mean the tea party. that's who i mean. it's too bad his caucus is being run by such a small number of people. >> what will happen between this very moment and a potential vote tomorrow is anyone's guess in the town that is washington, d.c. amid all the bickering and tinkering, the nation is just six days away from a first ever general default, and the treasury reiterating in a statement moments ago there is no guarantee the government can meet all its obligations after an august 2nd deadline, so what are the remaining options for our dysfunctional government? nbc's kristen welker is at the white house and let's also bring in luke russert on capitol hill. kristen, we know both sides are crafting their budget deals, both trying to take the high road, but are there any signs that the differences between the two sides are narrowing, and does it seem as though they may conflate these two plans? >> reporter: well, at this point we don't have any indication that they are going to conflate the two plans. we should say there are, of c
that and in exchange for some minor tweaking of medicare, but nothing that really gives the republicans too big a win on that issue. and they would also argue, to gloria's point earlier, that you actually need this. this is not just a win for democrats, you need it because you need democratic votes to get this through because you're going to lose so many republicans who simply won't vote to extend the debt ceiling under any circumstances. so that's the calculus if you went with the middle deal, there would be an entirely different math for a tax reform package if you went with that larger deal that's more in the $4 trillion range. >> the irony here to me is that a larger deal would in many ways be easier to cut because it's so obvious what you would have to do. if you do a smaller deal, then you have to have eric cantor lay out by piece by piece by piece, cut by cut, by cut, what he would do if you don't have the revenue side of it. >> but to get the bigger deal, you need trust that they would actually then do comprehensive tax reform, rewrite the code so the republicans would make the case we didn't
that she could catch fire. look, when you start this thing, when you win iowa, if you win iowa big, that thing starts rolling through new hampshire and south carolina, it's over in weeks. i agree 100%. >> how was she going in philadelphia suburbs? how is she going to do in the i-4 corridor and in wisconsin? how is she going to do in new mexico, arizona? i would suggest, with swing voters not well at all. >> there's no doubt if you nominate michele bachmann, it's an enormous risk. the only conditions, i think, under which i believe she could win the presidency, if people say, if they did in 1980, i don't care, i'm taking a chance with this guy because what we got we can't stand, you get 9% or 10% unemployment, two more years, this country is ready for a lot of change. more "morning joe" in a moment. with the hotels.com 48-hour sale, the possibilities are endless. interesting... save up to 50% this tuesday and wednesday only. hotels.com. be smart. book smart.  finally, there's a choice for my patients with an irregular heartbeat called atrial fibrillation, or afib, that's not cause
. the president must formally send up the nomination. fear of pirates is having a big impact on the world economy. we will explain. but first, early look at president obama's re-election effort. @@ this just in. friday, the pentagon will appeal the controversial "don't ask, don't tell" policy that has kept gays from openly serving in the military. according to the law, a 60-day waiting period goes in effect for the policy is officially implemented. other words, in two months. >>> the federal election committee says john edwards should repay $2.3 million to the federal government after audit found he received matching funds after dropping out of race. edwards' attorney says she doesn't owe anything. in june, he was indicted on eight separate felony charges for alleged violation of campaign finance laws related to the coverup of an affair. most projections say president obama will spend $1 billion on the re-election campaign but getting to the number won't come easy. white house correspondent mike emanuel reports on the political and fundraising tight rope the president has to walk. >> reporter: in
raise the debt limit. then he asked for big tax increases. we got rid of the tax increases. now we have a bill that does what hee we said it should do, cuttings more than it raises the debt limit by. is it perfect? no. is it as much as we proposed? no. this doesn't do that. but it gets us down the right path. it's cuts we can bank right now, it's a step in the right direction. so i think it's a good step in the right direction. >> it has to get 217 votes. have you a rowdy freshmen crowd who ran on the promise of a balanced budget amendment. and the balanced budget amendment is not in the boehner bill. how do you get enough of them to get to your 217 mark and have them go home and face their voters where they promised a balanced budget amendment? >> we have a vote on the balanced budget amendment. >> separate? >> that was always the case. the second thing, cut, cap and balance had to be separate from the bill. >> balanced budget amendment. >> that's right, excuse me. this requires that the senate vote on a balanced budget amendment. we never had the assurances we could even get a vote on
out whether they want to continue to push for big deficit reduction or whether they want to pull back and punt to the next election. >> it seems as i sort of alluded these are two guys, boehner and obama who might like each other, ideology aside. is there a sense they could have worked out a deal if not for the extremists in their parties and what are you hearing? what's the buzz this weekend at camp david? is that giving people some hope? >> you know, as diylan said the darkest night is right before the dawn. i don't think we'll see much hope for the few days. the boehner/obama relationship, in the absence if they had stronger control over their bases, president obama is in a much stronger position than boehner is, they could have had a deal. it's not just ideological extremists. it's an issue of a culture in washington affirmed over the last three elections, you get elected by shouting no compromise, you get elected saying i am going to fight for what i believe and not going to bend on that and bending is the whole problem and that's what both parties are dealing with. it's not just
Search Results 0 to 49 of about 116 (some duplicates have been removed)